Australian Dollar defends its ground despite tariffs-related cautious market mood

• AUD/USD hovers above 0.6200, defending mild bids amid US tariff concerns and weak Chinese data.
• US PCE data showed no surprises, Fed remains cautious.
• RBA dovish bets continue to pressure the pair.

The Australian Dollar clings to mild gains on Friday, trading around 0.6215 after briefly touching a two-week low. The pair remains under pressure as US President Donald Trump reaffirmed plans to impose tariffs on Chinese imports, dampening risk sentiment.

Meanwhile, speculation over a potential rate cut by the Reserve Bank of Australia (RBA) in February and ongoing economic struggles in China continue to weigh on the Aussie.